Ellaville, Georgia Bank Lends Money to Office Furniture Manufacturing Company in Butler, Georgia

Get to know Ellaville, Georgia banks that specialize in SBA loans and know how to work with entrepreneurs. Central Bank Of Georgia is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Butler, Georgia starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Central Bank Of Georgia. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: OFFICE FURNITURE MANUFACTURING
BUTLER, GA 31006

SBA Loan Lender

CENTRAL BANK OF GEORGIA
285 S BROAD ST
ELLAVILLE, GA 31806

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

337214 - Office Furniture Manufacturing

Loan Approval Date

8/27/2003

Loan Approval Gross Amount

$1,300,000

Loan Approval from the SBA

Of the total $1,300,000 loan amount, the SBA guaranteed $975,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 60 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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